Euphoria What does euphoria look like, how does it feel? The most obvious example of euphoria these days is bitcoin. But to my eye, the stock market crossed the threshold of euphoria this fall. I predicted we’d get a pull-back in the fall, but instead, we accelerated...

The Euro may have topped Let’s look at pictures first, and tell stories later. Pictures Looking at the days of this week, we made a nice turn, off a very strong reference point, a gap left in the 2014 washout, which happened when the Fed stopped US QE. That was a very...

Dollar Euro update Technicals first, then fundamental comments After Jackson Hole, the dollar continues to follow the trajectory I outlined a couple of months ago. The Euro is now well within my target zone for starting the short. My prediction was that it would top...

A Good Top In my short trading career, I haven’t seen too many good tops. We had one today. That break above the previous all time high at $2480, then selling right back through that level…good top. Expectation would be at minimum to retrace through that...

Dollar Euro update Using the dollar as an example, this discussion details how auctions trade in ranges, and how they react to historical levels. It also continues the tradition of predicting future price action. Preface I hope even non-traders could study these...